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American Express Co. (AXP) Is Falling After Share Buyback Suspended

American Express Co. (AXP) reported a fourth quarter adjusted EPS of $1.58 after the bell Thursday. Street expectations were for EPS of $1.54. The company also announced plans to suspend its share buyback program for the first half of 2018. The stock is now down 2.67 on 435K shares.

American Express dropped in early trade Thursday, but settled into a range for the majority of the day. Shares finished with a loss of 0.90 at $99.86.

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